Multi-Family Office Services

Tax And Finanical Services

Income Tax Planning and Compliance

• Recommend proactive tax planning strategies to maximize tax savings.
• Prepare federal, state and local income tax returns, estimates and extensions.
• Prepare and maintain multi-year income tax projections using BNA software.
• Prepare federal gift tax returns.
• File tax returns electronically.
• Research and answer clients’ tax questions.
• Respond to IRS inquiries and tax notices.
• Handle tax audits.

Financial Planning

• Prepare detailed net worth statements.
• Prepare ten-year cash flow analyses and projected statements of financial position.
• Store financial planning information electronically.

Bill Paying

• Receive personal bills and write checks.
• Prepare monthly itemized Quicken reports and bank reconciliations.
• File invoices electronically for record keeping purposes.

Personal Financial Web Site Design

• Create an Estate Planning vault for document storage.
• Track and project charitable giving.

Investment Advisory Services

Investment Analysis/Asset Allocation

• Determine appropriate asset allocation based on financial goals and risk tolerance.
• Prepare and review schedule of current asset allocation.
• Prepare monthly after-tax investment performance reports.

Manager Selection

• Evaluate need for professional money managers.
• Assist in selection of professional money managers.
• Review managers’ performance.

Due Dilegence of Investment Products

• Review investment proposals.
• Analyze derivative strategies.

Strategic Advisory Services

Estate And Trust Services

• Administer family entities.
  • Trusts and estates
  • Family limited partnerships
  • Limited liability companies
  • Private foundations
• Serve as trustees and executors.

Wealth Transfer Strategies

• Review current will and trust documents.
• Prepare estate planning flow-charts.
• Prepare projected estate tax calculations.
• Develop personalized estate planning strategies that reduce estate tax and provide maximum wealth transfer to beneficiaries with minimum gift tax.
• Create electronic copies of estate planning documents.
• Formulate charitable gifting strategies to reduce estate taxes.

Risk Management and Insurance Review

• Assess life insurance needs.
• Review current disability need/coverage.
• Review and evaluate current homeowners, excess liability and auto insurance policies.
• Philanthropic Administration
• Identify and research charitable organizations that best fit clients’ interests and priorities in giving.
• Verify 501(c)(3) status.
• Manage the administration of gift programs.
• Develop family programs that inform, involve and educate children on charitable activities.
• Maximize the social and economic benefits of philanthropy.     

Retirement Planning

• Review retirement plans and beneficiary designations.
• Analyze and advise on the execution of stock option programs.
• Assist with business succession planning.
• Formulate retirement plan strategies.

Annual Meetings

• Review and update net worth statement and cash flow projection.
• Review tax returns, projections and strategies.
• Discuss goals/objectives and concerns.
• Educate family members.
• Formulate an action plan for the next 12 months.